: :inin Kyiv (EET)

Feds: Group made $30M with hacked press release info


NEWARK, N.J. (AP) — Federal prosecutors say a group of hackers made $30 million by breaking into the computer systems of companies that publish news releases about mergers and acquisitions.According to an indictment unsealed Tuesday, the defendants gained access to news releases and traded on the information in them before they were made public.Federal prosecutors in New Jersey and New York City, along with Homeland Security Secretary Jeh Johnson and Securities and Exchange Commission Chairwoman Mary Jo White will discuss the case during a news conference Tuesday in Newark, New Jersey.An indictment against five people was unsealed in Newark on …read more

Source: Business Insider

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